ESMA Q&A 904 — Q&A — Relevant Authorities [Forwarded to EC/Public Consultation/Other]

Relevant Authorities

Question

Since most of the (potential) applicants aim to settle the “cash leg” of transactions with or as a DLT-SS / DLT-TSS using e-money tokens the question arises if Article 12(1) b) CSDR regarding the relevant authorities is applicable (“the central banks in the Union issuing the most relevant currencies in which settlement takes place”).

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Source: ESMA original document